St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-10-11
A RT1cLEs OF INCORPORATION OF

A RTICLES OF INCORPORATION OF
"A st. Peter Street Improvement Company
Know all men by these presents That we,
the undersigned, do hereby associate, under
and according to the provisions of title 2 OF
chapter "a, of the General Statutes OF the
state of Minnesota, for the purpose Of form.
ing corporation as hereinafter stated, and
to that end DO hereby adopt the following
articles of interpretations: 4
Article 1.-The name of said corporation
snail be .St. Peter Street Improvement Com.
pany." The general nature of its business
shall be the buying, owning, improving. sell
ing ana dealing in lands, tenements and
hereditaments, real, mixed and personal es-
.ate and property; the principal place OF
transactlng said business shall be the city OK
of Minnesota
Art. 1.-THE time of commencement of
said corporation shall be Oct 10 1887 The
period of its continuance shall be thirty
years.
Art HI.-The amount of capital stock Of
said corporation shall be S20O,Oo0; the same
shall be paid in cash or in lands at such
times and from time to time and in such
manner as the bylaws shall prescribe, pro-
vided that 70 per cent, of said stock may be
called by the directors on or prior to the 1st
day of August, 1888, or in monthly install.
ments of 10 per cent of the amount of each
subscription, beginning March ], 1888; pro-
vided further, that not more than 20 per
cent of each subscription shall be called in
prior to said LIST day of August, 1888.
Art. IV.-The highest amount Of indebted
ness or liability to which said corporation
shall at any time be subject shall be $780,
600.
Art. V.-The names and places OF residence
OF the persons forming said association for
Incorporation are as follows: j. Royal Nc
Murran, Henry Hutchinson, John f. Fulton,
u. j. Hodgson, A. G. Potstethwaite, Daniel
ii. McEwen and Henry E. Wedelstaedt, and
they all reside in the city of ST. Paul afore-
said.
Art. VI.-The names of the first board of
directors OF said corporation are as follows:
J. Royal, McMurran, Henry Hutchinson. John
+. Fulton, E. j. HOdgsOn, 4. G. PostlethWaite
Daniel III: McEwen and Henry E. Wedel-
staedt The government of said corporation
and the management of its affairs Shall be
vested in a board of seven directors, which
shall be composed until the first annual meet
ing of the persons last above mentioned; and
at said annual meeting, which shall be held on
the second Tuesday of May in each year here
after, such board of directors shall be
elected. The officers of said corporation shall
be president, vice president, a secretary and
treasurer, all Of whom, except the secretary,
shall be stockholders Until the first annual
meeting j. Royal McMurran shall be presi-
dent, John +. Fulton shall be vice president
and A. G. Postlethwaite shall be treasurer Of
said corporation.
Art VII.-The number of shares in the
capital stock of said corporation shall be
1000, and the amount of each share shall be
500.
In testimony whereof we have hereunto set
our hands and seals this 24th day of Septem.
Der, a. d. 1887.
j. ROYAL McMURRAN, [seal]
HENRY HUTCHINSON, fSeal.1
JOHN f. FULTON, fSeal1
E. j. HODGSON, tSeaIi
a. G. POSTLETHWAITE fSeali
DANIEL H. MoEWEN, fSeal1
| In presence of
W. II. MCMURRAN, !
SAML MCMURBAN. (